Vedanta Resources plc: Proposed delisting has no immediate impact on credit profile; cash extraction risk remains
Volcan's proposed offer to buyback and delist Vedanta does not have an immediate affect on the company's rating, although continuing strong disclosures remain key.Vedanta Resources is a natural resources group engaged in exploring, extractive and processing minerals and oil and gas. Co. produces zinc, lead, silver, copper, aluminium, iron ore, oil and gas and commercial power and has presence across India, Zambia, South Africa, Namibia, UAE, Ireland, Australia and Liberia. Co. is also in the business of port operations in India. Co.'s reportable segments are Zinc-India, Zinc-International, Oil and Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminium, and Power.
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